PARENTS' LOAN FOR UNDERGRADUATE STUDENTS (PLUS)

A PLUS Loan is available to parent borrowers who do not have an adverse credit history to help meet the student's education expenses. If a parent borrower is unable to secure a PLUS loan, the undergraduate dependent student may be eligible for additional unsubsidized loans to help pay for his or her education.

Loan Interest Rates by Disbursement Dates

Loan Type

First Disbursed

July 1, 2014 - June 30, 2015

Direct Subsidized Loans

Fixed at 4.66%

Direct Unsubsidized Loans

Fixed at 4.66%

Direct PLUS Loans (Parents)

Fixed at 7.21%

EXIT COUNSELING

Helps you understand your rights and responsibilities as a student loan borrower. Exit Counseling is required before you withdraw, graduate, or drop below half-time attendance (even if you plan to transfer to another school).

Loan students must complete Exit Counseling when they withdraw, graduate, transfer, or drop below 6 credits.

PRIVATE STUDENT LOANS

Tillamook Bay Community College does not participate in or certify alternative private loans. However, pursuant to Section 155 of the Higher Education Act of 1965, as amended, (HEA) and to satisfy the requirements of Section 128(e) of the Truth in Lending Act, a lender must obtain a Private Education Loan Applicant Self-Certification (PDF) signed by the applicant before disbursing a private education loan. Schools are required on request to provide this form and the required information only for students admitted or enrolled at TBCC. Students should understand that free or lower-cost Title IV federal, state, or school student financial aid may be available in place of a private education loan.